SPAIN – Quadpack Industries and PSB Industries have announced a project to merge Quadpack with PSB’s main subsidiary, Texen, into a single group.
The official signing marks the beginning of this merger process, which initially will not involve any operational changes for Quadpack or Texen, as both will continue to function as standalone entities. The transaction is expected to close in September or October 2024.
The merged group will boast combined sales of €350 million (US$381.74 million), 2,000 employees, an industrial presence in six countries, and operations in Asia, Europe, and the Americas.
Texen, headquartered in Brion, France, specializes in bespoke packaging solutions for the luxury makeup and perfumery markets. It has factories in France, Poland, Mexico, and the US.
Quadpack, headquartered in Barcelona, Spain, offers standard packaging solutions for the masstige skincare and makeup markets. It has factories in Germany and Spain and a sales network spanning Europe, the US, and Australia.
The merger aims to expand into new territories, market segments, and a broader client base, offering a comprehensive range of ready-to-use and tailor-made packaging solutions.
François-Xavier Entremont, CEO and chairman of PSB Industries, commented, “There is an extraordinary synergy between the businesses, especially in the values we share.”
Quadpack cofounder and chairman Tim Eaves added, “Our long-term commitment to social and environmental sustainability will drive our success.”
Colep Packaging acquires remaining stake in ALM
In another development, Colep Packaging has announced the acquisition of the remaining stake in ALM, a Spanish aluminum aerosol manufacturer.
Two years after acquiring a 40% stake, Colep Packaging has purchased the remaining 60% of ALM shares. The financial terms of the transaction have not been disclosed.
With over 35 years of experience, ALM specializes in aluminum packaging solutions for various industries, including food, beverage, cosmetics, personal care, and household care.
The company is expected to achieve sales exceeding €16 million (US$17.46 million) in 2024 and plans to double its production capacity for aluminum aerosols by 2026.
This investment aims to enhance the infrastructure and production capacity of ALM’s Barcelona plant, enabling it to better serve the Iberian and European markets.
The acquisition is a strategic move for Colep Packaging, strengthening its market position for metal packaging solutions in both tinplate and aluminum.
The global aerosol market has grown by more than 6% annually, producing ten billion units per year.
Paulo Sousa, CEO of Colep Packaging, said, “This operation, along with our recent entry into Mexico, aligns with our growth strategy and vision for the aerosol segment.”
Colep’s industrial infrastructure spans five locations: Vale de Cambra, Portugal; Kleszczów, Poland; Navarra and Barcelona, Spain; and Querétaro, Mexico.
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